McHenry Times

McHenry Times

Saturday, March 28, 2020

Ranking school finances: Which districts are the healthiest in McHenry County?

Schools

By Local Labs News Service | Mar 29, 2018

Hs 04

Prairie Grove Consolidated School District 46, Alden Hebron School District 19 and Crystal Lake Community Consolidated School District 47 received the best financial ratings by the Illinois State Board of Education (ISBE) for their 2017 finances.

ISBE started profiling the financial health of the state's school districts in 2003, using experts to evaluate five areas: fund balance to revenue ratio, expenditure to revenue ratio, days cash on hand, percentage of short-term borrowing ability remaining, and percentage of long-term borrowing ability remaining. The results are combined into a score, which corresponds with one of four designations.

Districts that score between 1 and 2.61 are on "financial watch;" between 2.62 and 3.07 "financial warning;" between 3.08 and 3.53 "financial review;" and between 3.54 and 4.00 "financial recognition."

In all, 640 Illinois school districts achieved "financial recognition." Another 147 were under "financial review," 43 were designated "early warning," and 22 were on the "financial watch" list.

McHenry County school districts financial health

Rank
District
County
Score
Designation
1
Crystal Lake Community High School District 155
Mchenry
4.0
Recognition
2
McHenry Community High School District 156
Mchenry
4.0
Recognition
3
Harrison School District 36
Mchenry
4.0
Recognition
4
Nippersink School District 2
Mchenry
4.0
Recognition
5
Prairie Grove Consolidated School District 46
Mchenry
4.0
Recognition
6
Alden Hebron School District 19
Mchenry
4.0
Recognition
7
Crystal Lake Community Consolidated School District 47
Mchenry
4.0
Recognition
8
Marengo-Union Elementary Community School District 165
Mchenry
4.0
Recognition
9
Fox River Grove School District 3
Mchenry
4.0
Recognition
10
Riley Community Consolidated School District 18
Mchenry
4.0
Recognition
11
Richmond-Burton Community High School District 157
Mchenry
3.9
Recognition
12
Cary Community Consolidated School District 26
Mchenry
3.8
Recognition
13
Huntley Community School District 158
Mchenry
3.8
Recognition
14
Harvard Community Unit School District 50
Mchenry
3.8
Recognition
15
Algonquin Community Unit School District 300
Kane
3.7
Recognition
16
Woodstock Community Unit School District 200
Mchenry
3.7
Recognition
17
Marengo Community High School District 154
Mchenry
3.65
Recognition
18
McHenry Community Consolidated School District 15
Mchenry
3.65
Recognition
19
Johnsburg Community Unit School District 12
Mchenry
2.8
Early

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Organizations in this Story

Fox River Grove School District 3Community High School District 155Marengo-Union Elementary Community School District 165Community Unit School District 300 (merged)Alden Hebron School District 19Prairie Grove Community School District 46Woodstock Community Unit School District 200McHenry Community High School District 156McHenry Community Consolidated School District 15Cary Community Consolidated School District 26Johnsburg Community Unit School District 12Crystal Lake Community Consolidated School District 47Harvard Community Unit School District 50Harrison School District 36Huntley Community School District 158Richmond-Burton Community High School District 157Riley Community Consolidated School District 18Marengo Community High School District 154Nippersink School District 2

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